Amherst Pierpont's Morden Sees High Probability of Argentina Default

The transcript discusses the political and economic challenges faced by Macri and Fernandez in Argentina. Macri is constrained by austerity measures, limiting his ability to close the gap with Fernandez. Fernandez, leading in polls, has not reassured markets, raising concerns about default risks. The economic situation is tense, with limited tools to manage financial stress. Historical defaults and polling inaccuracies add to investor uncertainty, impacting market confidence and pricing in high default probabilities.

In what ways can Fernandez regain market confidence according to the text?

What historical context influences current investor perceptions of Argentina's political situation?